Global X Solar ETF (RAYS)
RAYS is a passive ETF by Global X tracking the investment results of the Solactive Solar Index. RAYS launched on Sep 8, 2021 and has a 0.50% expense ratio.
ETF Info
| ISIN | US37960A7019 |
|---|---|
| CUSIP | 37960A701 |
| Issuer | Global X |
| Inception Date | Sep 8, 2021 |
| Region | Global (Broad) |
| Category | Alternative Energy Equities |
| Leveraged | 1x |
| Index Tracked | Solactive Solar Index |
| Home Page | www.globalxetfs.com |
| Asset Class | Equity |
Expense Ratio
RAYS features an expense ratio of 0.50%, falling within the medium range.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: RAYS vs. TAN, RAYS vs. PBW, RAYS vs. FAN, RAYS vs. WNDY, RAYS vs. XOM, RAYS vs. CVX, RAYS vs. VOO, RAYS vs. ICLN, RAYS vs. DBB, RAYS vs. TQQQ
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Global X Solar ETF, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Global X Solar ETF had a return of -21.77% year-to-date (YTD) and -16.43% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -21.77% | 25.48% |
| 1 month | -0.96% | 2.14% |
| 6 months | -7.74% | 12.76% |
| 1 year | -16.43% | 33.14% |
| 5 years (annualized) | N/A | 13.96% |
| 10 years (annualized) | N/A | 11.39% |
Monthly Returns
The table below presents the monthly returns of RAYS, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -18.99% | 8.40% | 1.38% | -7.82% | 9.22% | -18.74% | 7.40% | -1.84% | 12.65% | -2.72% | -21.77% | ||
| 2023 | 13.15% | -8.93% | -0.76% | -8.73% | -5.84% | 3.41% | -5.51% | -14.63% | -9.64% | -14.81% | 2.09% | 12.61% | -35.13% |
| 2022 | -15.52% | 11.41% | -3.43% | -18.20% | 15.10% | 9.85% | 12.27% | -7.90% | -11.21% | -0.84% | 10.49% | -8.28% | -13.28% |
| 2021 | -6.23% | 22.78% | -8.47% | -8.36% | -3.43% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of RAYS is 4, indicating that it is in the bottom 4% of ETFs on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Global X Solar ETF (RAYS) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Global X Solar ETF provided a 0.30% dividend yield over the last twelve months, with an annual payout of $0.03 per share.
| Period | TTM | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Dividend | $0.03 | $0.00 | $0.00 | $0.01 |
Dividend yield | 0.30% | 0.00% | 0.00% | 0.02% |
Monthly Dividends
The table displays the monthly dividend distributions for Global X Solar ETF. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.03 | |
| 2023 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2022 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| 2021 | $0.01 | $0.01 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Global X Solar ETF. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Global X Solar ETF was 66.93%, occurring on Sep 10, 2024. The portfolio has not yet recovered.
The current Global X Solar ETF drawdown is 63.66%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -66.93% | Nov 2, 2021 | 717 | Sep 10, 2024 | — | — | — |
| -6.97% | Sep 10, 2021 | 17 | Oct 4, 2021 | 7 | Oct 13, 2021 | 24 |
| -3.95% | Oct 21, 2021 | 2 | Oct 22, 2021 | 3 | Oct 27, 2021 | 5 |
| -0.73% | Oct 14, 2021 | 1 | Oct 14, 2021 | 1 | Oct 15, 2021 | 2 |
Volatility
Volatility Chart
The current Global X Solar ETF volatility is 16.38%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.